San Neng Group Holdings Co Ltd (6671) - Net Assets
Based on the latest financial reports, San Neng Group Holdings Co Ltd (6671) has net assets worth NT$1.78 Billion TWD (≈ $56.23 Million USD) as of December 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (NT$2.25 Billion ≈ $70.93 Million USD) and total liabilities (NT$466.85 Million ≈ $14.71 Million USD). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off. Check 6671 goodwill-adjusted equity ratio to evaluate the tangible quality of the company's equity base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | NT$1.78 Billion |
| % of Total Assets | 79.26% |
| Annual Growth Rate | 5.41% |
| 5-Year Change | 5.12% |
| 10-Year Change | 25.41% |
| Growth Volatility | 10.7 |
San Neng Group Holdings Co Ltd - Net Assets Trend (2015–2025)
This chart illustrates how San Neng Group Holdings Co Ltd's net assets have evolved over time, based on quarterly financial data. See 6671 defensive interval ratio to measure how many days the company can operate on defensive assets alone.
Annual Net Assets for San Neng Group Holdings Co Ltd (2015–2025)
The table below shows the annual net assets of San Neng Group Holdings Co Ltd from 2015 to 2025. For live valuation and market cap data, see market cap of San Neng Group Holdings Co Ltd.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | NT$1.78 Billion ≈ $56.23 Million |
-0.94% |
| 2024-12-31 | NT$1.80 Billion ≈ $56.76 Million |
+5.12% |
| 2023-12-31 | NT$1.71 Billion ≈ $53.99 Million |
+1.61% |
| 2022-12-31 | NT$1.69 Billion ≈ $53.14 Million |
-0.65% |
| 2021-12-31 | NT$1.70 Billion ≈ $53.49 Million |
+1.00% |
| 2020-12-31 | NT$1.68 Billion ≈ $52.96 Million |
+3.50% |
| 2019-12-31 | NT$1.62 Billion ≈ $51.17 Million |
-1.00% |
| 2018-12-31 | NT$1.64 Billion ≈ $51.68 Million |
+14.78% |
| 2017-12-31 | NT$1.43 Billion ≈ $45.03 Million |
+0.43% |
| 2016-12-31 | NT$1.42 Billion ≈ $44.83 Million |
+35.05% |
| 2015-12-31 | NT$1.05 Billion ≈ $33.20 Million |
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Equity Component Analysis
This analysis shows how different components contribute to San Neng Group Holdings Co Ltd's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have decreased by 51.1% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | NT$360.12 Million | 20.41% |
| Common Stock | NT$607.50 Million | 34.43% |
| Other Comprehensive Income | NT$796.96 Million | 45.16% |
| Total Equity | NT$1.76 Billion | 100.00% |
San Neng Group Holdings Co Ltd Competitors by Market Cap
The table below lists competitors of San Neng Group Holdings Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Clipper Realty Inc
NYSE:CLPR
|
$50.73 Million |
|
PDS Biotechnology Corp
NASDAQ:PDSB
|
$50.74 Million |
|
CORESTEM Inc
KQ:166480
|
$50.74 Million |
|
Sreeleathers Limited
NSE:SREEL
|
$50.75 Million |
|
Orient Bell Limited
NSE:ORIENTBELL
|
$50.69 Million |
|
DURECT CORP. DL-001
F:DC8A
|
$50.69 Million |
|
HPQ Silicon Resources Inc
V:HPQ
|
$50.69 Million |
|
Cassiar Gold Corp
V:GLDC
|
$50.68 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in San Neng Group Holdings Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 1,786,823,000 to 1,764,575,000, a change of -22,248,000 (-1.2%).
- Net income of 143,909,000 contributed positively to equity growth.
- Dividend payments of 157,950,000 reduced retained earnings.
- Other comprehensive income increased equity by 891,067,999.
- Other factors decreased equity by 899,274,999.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | NT$143.91 Million | +8.16% |
| Dividends Paid | NT$157.95 Million | -8.95% |
| Other Comprehensive Income | NT$891.07 Million | +50.5% |
| Other Changes | NT$-899.27 Million | -50.96% |
| Total Change | NT$- | -1.25% |
Book Value vs Market Value Analysis
This analysis compares San Neng Group Holdings Co Ltd's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 0.95x
- The company is trading below its book value, potentially indicating the market believes the assets are overvalued on the balance sheet or anticipates future losses.
- The price-to-book ratio has decreased from 1.11x to 0.95x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2015-12-31 | NT$23.96 | NT$26.50 | x |
| 2016-12-31 | NT$31.81 | NT$26.50 | x |
| 2017-12-31 | NT$26.31 | NT$26.50 | x |
| 2018-12-31 | NT$29.97 | NT$26.50 | x |
| 2019-12-31 | NT$26.53 | NT$26.50 | x |
| 2020-12-31 | NT$27.36 | NT$26.50 | x |
| 2021-12-31 | NT$27.62 | NT$26.50 | x |
| 2022-12-31 | NT$27.39 | NT$26.50 | x |
| 2023-12-31 | NT$27.79 | NT$26.50 | x |
| 2024-12-31 | NT$29.16 | NT$26.50 | x |
| 2025-12-31 | NT$27.91 | NT$26.50 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently San Neng Group Holdings Co Ltd utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 8.16%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 7.21%
- • Asset Turnover: 0.89x
- • Equity Multiplier: 1.28x
- Recent ROE (8.16%) is below the historical average (14.55%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2015 | 33.85% | 16.83% | 1.07x | 1.88x | NT$251.31 Million |
| 2016 | 22.56% | 15.38% | 0.90x | 1.63x | NT$177.85 Million |
| 2017 | 17.10% | 12.01% | 0.96x | 1.48x | NT$101.29 Million |
| 2018 | 10.90% | 9.39% | 0.85x | 1.37x | NT$14.79 Million |
| 2019 | 11.70% | 9.97% | 0.86x | 1.37x | NT$27.39 Million |
| 2020 | 13.30% | 11.61% | 0.84x | 1.36x | NT$55.17 Million |
| 2021 | 12.58% | 10.29% | 0.88x | 1.38x | NT$43.62 Million |
| 2022 | 8.81% | 7.93% | 0.84x | 1.32x | NT$-19.96 Million |
| 2023 | 10.32% | 9.21% | 0.87x | 1.29x | NT$5.40 Million |
| 2024 | 10.82% | 9.48% | 0.87x | 1.31x | NT$14.66 Million |
| 2025 | 8.16% | 7.21% | 0.89x | 1.28x | NT$-32.55 Million |
Industry Comparison
This section compares San Neng Group Holdings Co Ltd's net assets metrics with peer companies in the Household & Personal Products industry.
Industry Context
- Industry: Household & Personal Products
- Average net assets among peers: $2,039,598,700
- Average return on equity (ROE) among peers: 6.54%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| San Neng Group Holdings Co Ltd (6671) | NT$1.78 Billion | 33.85% | 0.26x | $50.72 Million |
| Farcent Enterprise Co Ltd (1730) | $644.92 Million | 0.00% | 0.35x | $105.59 Million |
| Mao Bao Inc (1732) | $461.37 Million | 0.04% | 0.20x | $35.10 Million |
| Taiyen Biotech Co Ltd (1737) | $6.96 Billion | 4.92% | 0.07x | $200.06 Million |
| Sanitar Co Ltd (1817) | $2.29 Billion | 11.50% | 0.28x | $92.52 Million |
| Shihlin Paper Corp (1903) | $4.64 Billion | -0.71% | 0.77x | $392.02 Million |
| Jia Wei Lifestyle Inc (3557) | $2.48 Billion | 0.03% | 1.61x | $69.73 Million |
| Chlitina Holding Ltd (4137) | $447.20 Million | 0.00% | 2.34x | $284.59 Million |
| Jourdeness Group Ltd (4190) | $422.64 Million | 37.79% | 4.20x | $46.26 Million |
| Kuangli Photoelectric Technology Co Ltd (6431) | $1.26 Billion | 5.83% | 0.13x | $59.38 Million |
| Nan Liu Enterprise Co Ltd (6504) | $784.62 Million | 6.05% | 2.14x | $82.80 Million |
About San Neng Group Holdings Co Ltd
San Neng Group Holdings Co., LTD., through its subsidiaries, engages in the manufacture, processing, and sale of baking equipment and peripheral products in Taiwan, Mainland China, Japan, and internationally. The company offers baking trays, cake molds, chocolate fork, display tray, plastic basket, cake stand, knife, loaf pan, thermometer, stainless steel measuring, rings, multi links, plastic ex… Read more